FED GUARANTEES LOW INTEREST RATES FOR 2011, 2012, AND 2013
Posted by on Aug 9, 2011 in Interest Rates
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Breaking news on 8/9/11 – Today the Fed’s chairman Ben Bernanke came out with a highly unusual pledge to not raise interest rates for “at least” 2 years. That means that in all probability interest rates will not go up at least through 2013. In response to this news, the stock market shot up over [...]
JAPAN IS CUTTING INTEREST RATES TO ZERO: IS THE USA NEXT?
Posted by on Oct 5, 2010 in Interest Rates
Today on October 5th, 2010, Japan made a surprise move and cuts it’s interest rate to almost zero. The interest rate will fluctuate between 0.00% and 0.1% until a time when the government thinks the economy is getting better and it won’t hurt to raise the rates back up. The Bank of Japan made the [...]
